Credit, Collections & Insolvency News
Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 02 ENVIRONMENTAL SURVEYS LTD 10100442 LTD 1ST ALERT STEEL LTD A.J.’S COSTCUTTER LTD ABI BUSINESS SERVICES LTD ABUILDERS LTD AGL AVIATION LTD AGNI WHOLESALE LTD AGP STEEL STRUCTURES LTD AIS (MARINE) 2 LTD ALE WEB LTD ALLANSONS LAW LTD ALTERDERMA…
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Administration notices have been issued and advertised in the London Gazette for the following companies: A&R HUGHES (ACADEMY GARAGE) LTD ABBOT GRANGE LTD AGE UK BLACKPOOL AND DISTRICT AGENCY COMMUNICATIONS LTD ASTON STUDENT VILLAGE BLUCARS (BUGBROOKE) LTD BLUE CUBE BUSINESS LTD BRAKEWORLD LTD BRW SERVICES LTD CARING FOR YOU PTS LTD CIRCLE OIL JERSEY LTD CITADEL…
Read moreA significant proportion of small businesses across Britain are preparing to reduce investment and staff costs once business rates rise next month, according to a new survey from the Federation of Small Businesses (FSB). The research finds that more than a third (36%) of small firms expect to see their business rates increase from 1…
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The Insolvency’s Service has announced two new additions to it’s senior management team. Alec Pybus joins as Chief Operating Officer responsible for driving business performance across our frontline services, strategic and workforce planning and budget setting. Pybus previously worked as an operations director driving change at the Royal Mail. He replaces Graham Horne who has…
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Businesses across England and Wales are grappling with the huge business rates burden ahead of the controversial revaluation in April new research reveals. An exclusive investigation by CVS Business Rent & Rates Specialists has found nearly 200,000 businesses were hauled before a Magistrate in 2015/16 for non-payment of their business rates fuelling claims the system…
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The advantages of the fall in the value of sterling post-Brexit may not be able to overcome the other strong headwinds the sector faces, resulting in 1,800 UK hotel companies having at least a 30% chance of going insolvent within the next three years according to Moore Stephens. While a weaker pound may encourage more…
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The number of debt decrees registered against Scottish businesses fell to the lowest recorded level during 2016, according to figures released today by Registry Trust. There were 3,523 business decrees in Scotland during 2016, 24 percent fewer than the previous year. The total value surged to £45.8m, the highest on record, but this was due to…
Read moreThe number of debt judgments recorded in Ireland’s Four Courts fell to a historic low during 2016, according to figures released today by Registry Trust. There were 2,155 judgments registered against consumers in 2016, 38 percent fewer than the previous year and a record low. The total value of consumer debt judgments similarly fell to…
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An overwhelming majority of industry experts believe the UK’s decision to leave the EU will lead to a rise in corporate insolvencies over the next year, according to a new study by R3. A survey of insolvency and restructuring firms also shows that 55 per cent believe their finances “have been hurt” since last June. Insolvency…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 3D RECYCLING LTD 3SIXTY SYSTEMS LTD ABBEY DELIGHT LTD ABC ALPHA BUSINESS CENTRES UK LTD ABC ALPHA BUSINESS CENTRES VI UK LTD ADDITIVE LTD AGRIGUARD LTD ALBERT & MICHAEL HEATH LTD ALL LEISURE HOLIDAYS LTD AMS RETAIL INTERIORS LTD ANFIELD BRECKSIDE…
Read moreWinding up Petitions have been issued and advertised in the London Gazette for the following companies: ADVANCED WATER AND WASTE LTD AGENCY MOBILE (LONDON) LTD ALBUMCARDS LTD APEX STRUCTURES LTD APPLE SERVICES LTD ARMS SECURITY LTD ART REVIEW LTD ASTRO DEVELOPMENTS LTD BARCAM FACADES LTD BENTON PLANT LTD BRIGHTFIRE CONSTRUCTION GROUP LTD BRITANNIA SECURITY & MAINTENANCE…
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Aman Sehgal has joined Keystone Law from Muckle. Sehgal has more than ten years of experience working on high-profile corporate and personal insolvency cases such as multimillion-pound bankruptcies and fraud investigations. He joined Muckle from Bond Dickinson last year and was tasked with building up the contentious work of the firm’s insolvency practice. However, he…
Read moreUK business failures will rise by 5% in the next 12 months as the economic slowdown, rising input prices and increased late payment risks begin to take their toll, according to Euler Hermes. This is in sharp contrast with the rest of the continent, where insolvencies will fall by 4% in Western Europe and 1%…
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